Hello, all.

Here is a Google Docs spreadsheet that you can use, to compute some weighted averages. Download a copy of it (Click File/Download as/Excel), to change the basic assumptions.

https://docs.google.com/spreadsheet/ccc?key=0AupP7v6kPdVidGg0eFdWSnk1MWozVGgxZ1Uyd0hWVHc

According to my calculations, using all these drill holes, and assuming that they are completely representative of the entire deposit, we would require the overburden to contain an average of 0.15 g/ton, in order to reach an agregate cut-off grade of 0.30 g/ton for the entire deposit.

If this deposit is strip mined to ~1000m by 500m, to a depth of ~400m, it would contain ~850,000 ounces. At $1,600/oz, and 25% value of gold in the ground, that would imply a stock value of $2.82/share.

Now, these holes are almost certainly *not* representative of the entire deposit. If I recall, some of these holes were purposely around the edges of the anomoly, so I suspect that they are probably lower (even dramatically lower) than the interior of the deposit.

Therefore, I feel these results are very encouraging, and establish a minimum value on the deposit of around $3.00/share. Most importantly, it implies that the deposit is strip-minable. Unless future cores come in with grades very much inferior to these, we are sitting on a very valuable deposit.